According to the median forecast from more than 55 economists polled by Reuters on Feb. 19-25, the Indian economy is likely to have expanded at its slowest pace in over a year in the last quarter of 2018.
Key Findings:
“The median forecast was for growth of 6.9 percent, compared with 7.1 percent in July-September.
Forecasts for the GDP number, due for release on Feb. 28 at 1200 GMT, ranged between 6.3 percent and 7.9 percent, and suggested a significant drop from a more than two-year high of 8.2 percent in April-June 2018.
The latest poll was conducted amid political uncertainty ahead of a general election due by May and a weakening global economy.
Gross value added growth (GVA), the government’s preferred measure, is expected to be 6.7 percent in the October-December quarter, marginally down from 6.9 percent in the previous three months.”
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